Credit card fraud losses are declining for the first time in years, MasterCard International and Visa International report. The bank card associations attribute the declines - MasterCard's first in six years and Visa's first in 10 years - to card security features, educational efforts, and new technology.

MasterCard International, which released its 1993 fraud statistics last week, said these losses worldwide dropped 2% in 1993. to $452 million. They had risen 23% in 1992.

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